Our Purpose is:
“To ensure that your earned pension is there for your retirement.”
PSPP is legislatively required to delegate day-to-day administration services to Alberta Pensions Services Corporation (APS).
$290
Total administrative
cost per member (in 2025)
APS, an Alberta public agency operating on a non-profit, cost-recovery basis, provides these services under a pension services agreement with PSPP. This agreement specifies benchmarks for services and reports regularly to ensure timely and accurate support for members and employers.
“PSPP means long term retirement security and peace of mind.”
Pension Administration Cost
PSPP’s management and administration expenses are funded by Plan members and employers through the Plan fund. These costs encompass PSPP’s expenses and fees charged by APS for administration services. APS fees are determined using a cost-recovery framework based on factors like PSPP membership and transaction levels.
$290
Total administrative
cost per member (in 2025)
In 2025, administration costs totaled $22,089,000 (details available in Note 12 of the PSPP financial statements).
The per-member administrative cost for 2025, including active members and pensioners, was $290.
PSPP balances cost-conscious decisions with our dedication to quality service as well as improved communication and digital tools providing the best value for members and employers. This is part of our commitment to being a trusted partner in members’ retirement journey.